Currently, there are 257.42M common shares owned by the public and among those 246.92M shares have been available to trade.
The company’s stock has a 5-day price change of -0.79% and 60.49% over the past three months. CFLT shares are trading 33.68% year to date (YTD), with the 12-month market performance up to 37.92% higher. It has a 12-month low price of $17.79 and touched a high of $35.07 over the same period. CFLT has an average intraday trading volume of 4.06 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.56%, 20.60%, and 18.52% respectively.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Institutional ownership of Confluent Inc (NASDAQ: CFLT) shares accounts for 68.84% of the company’s 257.42M shares outstanding.
It has a market capitalization of $10.26B and a beta (3y monthly) value of 0.88. The earnings-per-share (ttm) stands at -$1.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.09% over the week and 3.93% over the month.
Earnings per share for the fiscal year are expected to increase by 546.85%, and 33.85% over the next financial year. EPS should grow at an annualized rate of 75.00% over the next five years, compared to -40.61% over the past 5-year period.
Looking at the support for the CFLT, a number of firms have released research notes about the stock. Robert W. Baird stated their Neutral rating for the stock in a research note on September 04, 2024, with the firm’s price target at $23. JP Morgan coverage for the Confluent Inc (CFLT) stock in a research note released on August 09, 2024 offered a Overweight rating with a price target of $25. Evercore ISI was of a view on June 11, 2024 that the stock is Outperform, while Oppenheimer gave the stock Outperform rating on May 17, 2024, issuing a price target of $37. Canaccord Genuity on their part issued Buy rating on May 08, 2024.
